What does fi­nan­cial suc­cess mean?

Sunday World - - Jobs -

We are liv­ing in in­ter­est­ing and yet chal­leng­ing times. These are com­monly sum­marised as Vuca mo­ments which are char­ac­terised by volatil­ity, un­cer­tainty, com­plex­ity and am­bi­gu­ity.

These Vuca mo­ments are preva­lent in pol­i­tics, eco­nom­ics, cli­mate change as well as in­vest­ment cir­cles. Such an en­vi­ron­ment af­fects con­fi­dence, cre­ates risks and in­creases emo­tional trauma.

Any­way, this is no time to panic or fret. Let me demon­strate that there can be fi­nan­cial suc­cess in these

Fi­nan­cial suc­cess is unique and dif­fers from one in­di­vid­ual to the next. To some, fi­nan­cial suc­cess might mean free­dom from debt. To oth­ers, it might mean full fi­nan­cial in­de­pen­dence.

How do you mea­sure your fi­nan­cial shape? It re­ally de­pends on what your in­di­vid­ual goals are. One pru­dent mea­sure is to de­ter­mine your net worth.

If you add up the value of all of the prop­erty that you own and sub­tract from it all of your debts, what’s that num­ber?

Ideally, that num­ber should be higher than it was a year ago. If it’s higher, then you are achiev­ing fi­nan­cial

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